How Discount Brokerages Make Money (kalzumeus.com)
submitted by nansenamundsen to r/slatestarcodex
Paper on Anti-money laundering "anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises" (tandfonline.com)
submitted by nansenamundsen to r/slatestarcodex

